Image: Seadrill
Seadrill has announced a new contract for their LT-Super 116E jack-up rig West Freedom with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture.
The rig will be working offshore Venezuela for a firm period of at least 30 months plus an option for a 6 month extension. In their emailed statement this morning, Seadrill notes the value of the initial contract to be upwards of $222 million inclusive of an estimated $8.5 million of mobilization.
The West Freedom is currently operating in Qatar and will likely be available to commence its charter in late September 2013.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,886 members that receive our newsletter.
Have a news tip? Let us know.
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Vessels in the northern Gulf have received multiple VHF radio challenges, including demands to alter course, the United Kingdom Maritime Trade Operations said on Friday, adding they could be part of an Iranian military exercise.
LONDON, Jan 24 (Reuters) – The Russian Embassy in London said that Russia posed no threat to undersea cables in Britain and other NATO countries, after UK defence minister John Healey accused Moscow of “malign...
Maritime and offshore news trusted by our 108,886 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
